Petronas Confirms Commitment to C$36 Billion BC LNG Project
Posted on Oct 7, 2013 in Canada & Mexico, LNG Exports | Comments Off on Petronas Confirms Commitment to C$36 Billion BC LNG Project
Bloomberg reports that Malaysian Prime Minister Najib Razak confirmed that Malaysian state energy company Petroliam Nasional Bhd. (Petronas) is moving forward with plans to invest C$36 billion to develop an LNG export terminal at Prince Rupert, British Columbia. A final investment decision on the project is expected the end of 2014....
B.C. Premier Clark Hopes to Reach Agreement on BC LNG Tax Plan Soon
Posted on Oct 2, 2013 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on B.C. Premier Clark Hopes to Reach Agreement on BC LNG Tax Plan Soon
The Globe and Mail reports that British Columbia (B.C.) Premier Christy Clark hopes to reach an agreement within the next two months to govern taxation of B.C. LNG exports. According to the report, Clark hopes to have legislation to implement the agreement in the...
Article Discusses Mexico’s Gas Shortage and Need to Import LNG
Posted on Oct 1, 2013 in Canada & Mexico, Markets and Competition | Comments Off on Article Discusses Mexico’s Gas Shortage and Need to Import LNG
An article in the Greeley Tribune examines Mexico’s need to purchase expensive LNG from world spot markets, despite its proximity to cheaper U.S. gas supplies, due to a shortage of gas pipeline capacity to meet increased demand and Mexico’s inability to tap its shale gas...
Canadian and Japanese Prime Ministers Discuss LNG Supplies
Posted on Sep 25, 2013 in Canada & Mexico, LNG Exports | Comments Off on Canadian and Japanese Prime Ministers Discuss LNG Supplies
Global Post reports that at a meeting in Ottawa this week Canadian Prime Minister Harper and Japanese Prime Minister Abe discussed Canada’s potential to supply LNG to Japan. According to the report, Abe stated at a press conference with Harper that “[w]ith a view to securing a stable supply of LNG (liquefied natural gas) at a competitive price, we look to the progress of the...
Articles Examine Issues Facing Proposed Canadian LNG Exports
Posted on Sep 19, 2013 in Canada & Mexico, LNG Exports | Comments Off on Articles Examine Issues Facing Proposed Canadian LNG Exports
Several recent articles examine issues facing proposed Canadian LNG exports. An article in the Globe and Mail states that the uncertainty regarding a proposed tax on British Columbia LNG exports is keeping some investors from making decisions on whether to invest in B.C. LNG export terminal projects. Two articles in the Calgary Herald cite statements by industry officials predicting...
Veresen Applies for NEB Gas Export License for Jordan Cove LNG Export Supplies
Posted on Sep 10, 2013 in Canada & Mexico | Comments Off on Veresen Applies for NEB Gas Export License for Jordan Cove LNG Export Supplies
Veresen Inc. (Veresen) announced today that it has filed an application with the National Energy Board (NEB) for a long-term license to export natural gas from Canada to the United States to supply Veresen’s proposed Jordan Cove LNG export terminal at Coos Bay, Ore. According to the press release, the NEB application requests an export volume of 1.55 Bcf/day for 25 years,...